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Waystar Holding Corp. (WAY)
NASDAQ: WAY · Real-Time Price · USD
25.08
+0.54 (2.20%)
At close: Aug 13, 2026, 4:00 PM EDT
25.05
-0.03 (-0.12%)
Pre-market: Aug 14, 2026, 7:22 AM EDT

Waystar Holding Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,2061,099943.55791.01704.87578.57
Revenue Growth
19.23%16.50%19.28%12.22%21.83%-
Gross Profit
833.24751.12627.82541.24489.98426.8
Operating Income
275.76249.31123.73142.0889.4560.32
Net Income
134.79112.09-19.13-51.33-51.46-47.12
Earnings Per Share
0.700.61-0.13-0.42-0.42-0.38
EPS Growth
45.83%-----

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Subscription
650.72558.41457.98401.01366.72334.48
Volume-Based
548.16534.76479.91386.28335.45241.89
Services and Other
6.866.125.663.722.712.2
Revenue (Total)
1,2061,099943.55791.01704.87578.57

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
191.686.23182.1335.5864.5647.25
Total Debt
1,4821,4911,2632,2602,2612,295
Net Cash (Debt)
-1,290-1,405-1,081-2,224-2,197-2,248
Net Cash Growth
------
Net Cash Per Share
-6.72-7.60-7.21-18.28-18.05-18.51

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
292.99309.67169.7751.46102.63106.41
Capital Expenditures
-46.73-26.48-27.27-21.52-17.43-14.54
Free Cash Flow
246.26283.19142.529.9485.291.87
Free Cash Flow Growth
-11.60%98.73%375.90%-64.86%-7.25%-

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
69.11%68.33%66.54%68.42%69.51%73.77%
Operating Margin
22.87%22.68%13.11%17.96%12.69%10.42%
Pretax Margin
16.18%15.63%-2.39%-8.07%-9.35%-11.53%
Profit Margin
11.18%10.20%-2.03%-6.49%-7.30%-8.14%
FCF Margin
20.42%25.76%15.10%3.79%12.09%15.88%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
35.6253.69----
Forward PE
14.4320.4248.28---
P/FCF Ratio
19.5322.1644.33---
PS Ratio
3.995.716.69---